secwatch.observer — SEC 8-K summary
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Issuer:     WYTEC INTERNATIONAL INC (WYTC)
CIK:        0001560143
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001683168-25-007683
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wytec issues $94,300 promissory note to 1800 Diagonal Lending, net proceeds $82k
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- Note issued Oct 15, 2025; principal $94,300, includes $12,300 original issue discount, net purchase price $82,000.
- One-time 12% interest charge of $11,316; maturity Aug 15, 2026 with installment payments starting Apr 15, 2026.
- Upon default, note converts to common stock at 65% of lowest trading price in prior 10 trading days.
- Company has ~16.996M shares outstanding; note contains 4.99% beneficial ownership cap on conversion.
- SPA references potential additional tranches up to $1,625,000 subject to future agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825007683/0001683168-25-007683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560143/000168316825007683/wytec_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007683

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer